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Technology Stocks : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?


To: Gary Korn who wrote (23332)11/13/1997 4:42:00 PM
From: gerard mangiardi  Read Replies (2) | Respond to of 61433
 
I think that three up days in a row may be a harbinger of better days to come. I'm wrong often enough to worry but this may truly be a start. good luck all.



To: Gary Korn who wrote (23332)11/13/1997 4:53:00 PM
From: Harry Ehrlich  Read Replies (2) | Respond to of 61433
 
Nice closing action; I covered the rest of my short earlier in the day. I will probably stay on the sidelines till options expire, although one never knows.

I don't see mid 20's as the bottom (bottoms are too hard to pick, of course), but I feel Ascend will most likely move to 25 by next Friday. The options force website shows 30 as the most likely price for next Friday, but I'm not sure their formula is accurate. Their website is pages.prodigy.com if anyone is interested. If anyone has meaningful info/insight on this website, I would appreciate it.

After expiration, I feel that Ascend may be vulnerable depending on sector/market/global influences.

Harry